In December 2008, Bernie Madoff was arrested and charged with one count of securities fraud for allegedly

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In December 2008, Bernie Madoff was arrested and charged with one count of securities fraud for allegedly stealing up to $ 50 billion from investors. He was convicted and sentenced to 150 years in prison for his Ponzi scheme that defrauded investors including Steven Spielberg and Kevin Bacon. What is a Ponzi scheme? How does it work?
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